Public property is property under public ownership and managed by the State of Vietnam.
Public property is defined in two recently enacted laws which are the Law on Management and Use of Public Property 2017 of Vietnam and the Law on State Audit Office of Vietnam 2015. Public property can be understood as follows:
“Public property” (or formerly known as State property) is property under public ownership and managed by the State.
This descriptive definition of public property was first stated in the Law on Management and Use of Public Property 2017 of Vietnam. The Law on State Audit Office of Vietnam 2015 only defines public property by listing what types of assets are public property.
Below is a comparison table of public assets in the Law on Management and Use of Public Property 2017 of Vietnam and the Law on State Audit Office of Vietnam 2015:
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